Hang­ing on to hand­bags with high val­ues

Weekend Argus (Saturday Edition) - - PROPERTY360 - JAN DE BEER

IF YOU ask any auc­tion­eer of up­mar­ket goods what is in short sup­ply, the an­swer is likely to be “hand­bags”.

De­signer bags by the likes of Birkin, Chanel, Vuit­ton, Prada and Dior sel­dom come un­der the ham­mer be­cause own­ers are re­luc­tant to part with them, and they are of­ten handed down through gen­er­a­tions.

If you were lucky to ac­quire such a col­lectable in­vest­ment item, it would need a lot of TLC, says Christie’s hand­bag spe­cial­ist, Rachel Koff­sky.

She pro­vides tips for max­imis­ing the value of your bag:

1 Keep a paper trail of all pur­chase doc­u­men­ta­tion. Ex­otic hand­bags re­quire per­mits for in­ter­na­tional ship­ping, and au­then­tic­ity cards and cer­tifi­cates can be re­quired for the re­pair of cer­tain brands. In­sur­ance ap­praisals may re­quire in­voices for proper valu­a­tion.

2 Put the bag in stor­age. Proper stor­age is cru­cial to main­tain­ing re­sale value. Con­di­tion is key.

3 Ex­otic hand­bags and rain don’t mix. Ex­otics may ap­pear durable but are sus­cep­ti­ble to wa­ter dam­age. Rain speck­les on a re­cious Poro­sus croc­o­dile-skin bag will cause per­ma­nent dam­age.

4 Pens and lip­stick are your bag’s en­e­mies. The con­di­tion of a hand­bag’s in­te­rior is also im­por­tant – even light pen or lip­stick marks can re­duce re­sale value.

5 Mois­turise. Mois­tur­is­ing leather will pro­tect against cracks and per­ma­nent dam­age.

6 Ro­tate. Us­ing each bag in your col­lec­tion on a ro­ta­tion ba­sis will en­sure a longer life for all.

7 Buy from trusted out­lets. Be wary of “too­good-to-be-true” bar­gains, and con­sult an ex­pert if you think a deal is sus­pi­ciously good.

8 Re­sale value. Think about a bag’s re­sale value, even if you never plan to sell. If your hand­bag is valu­able on the sec­ondary mar­ket, it is also more likely to be valu­able to your heirs.

9 Think “qual­ity” when col­lect­ing. Hand­made al­ways rules. Assem­bly line con­struc­tion can­not match the qual­ity of an item made in an ate­lier.

10 Show it off. Your hand­bag should re­flect your style and per­son­al­ity.

So, pro­vid­ing your walks of life are safe, do some boast­ful strut­ting with your heav­enly hand­bag.

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